Defending business owners against predatory merchant cash advance lenders and their collection tactics.
Merchant cash advance companies count on business owners not knowing their rights. At Shim Law Group, P.C., we defend business owners against predatory merchant cash advance lenders, challenging unfavorable repayment terms and aggressive collection efforts head on. When daily or weekly withdrawals are draining your business, we step in quickly.
MCA agreements are often structured to look like a purchase of future receivables rather than a loan, in part to sidestep New York's usury protections. We look closely at how the agreement is actually written and whether the lender's position holds up, then push back with the same aggressiveness the lender used against you.
We assess the lender's actual legal position, challenge what is improper, and work to protect your ability to keep operating. Because these situations move fast, we act quickly to relieve the pressure on your business.
Our attorneys are ready to review your situation and answer your questions. Contact us today at (718) 878-1177 or fill out our online form for free.
MCA companies often structure the agreement as a purchase of future receivables rather than a loan, which can affect how the law treats it. Whether that structure holds up depends on the specific terms, which we review closely.
Possibly. Depending on how the agreement is written and how the lender has acted, there may be grounds to challenge terms or collection efforts. We evaluate your specific agreement and situation.
These situations often call for fast action. We assess your options for relief and work to reduce or halt the pressure on your accounts while we address the underlying agreement.
A confession of judgment is a document a borrower may sign agreeing that a judgment can be entered against them without a normal lawsuit. It is a powerful tool for lenders, and we help business owners respond to it.
We challenge improperly filed UCC liens that freeze your business's ability to operate, borrow, or sell assets, and move to have them corrected or removed.
Learn MoreWe move quickly to unfreeze levied accounts, pursuing emergency court relief so your business can meet payroll and keep running.
Learn MoreWe represent business owners in court, whether defending against a collection lawsuit or initiating action to protect your business's interests.
Learn MoreWe intervene when a writ of execution threatens to seize business property or equipment, working to stop the seizure before it happens.
Learn MoreWe enforce your rights under federal and state consumer and business protection laws, pushing back against harassment and unlawful collection practices.
Learn MoreWe challenge improperly filed UCC liens that freeze your business's ability to operate, borrow, or sell assets, and move to have them corrected or removed.
Learn moreWe move quickly to unfreeze levied accounts, pursuing emergency court relief so your business can meet payroll and keep running.
Learn moreWe represent business owners in court, whether defending against a collection lawsuit or initiating action to protect your business's interests.
Learn moreWe intervene when a writ of execution threatens to seize business property or equipment, working to stop the seizure before it happens.
Learn moreWe enforce your rights under federal and state consumer and business protection laws, pushing back against harassment and unlawful collection practices.
Learn moreShim Law Group is always looking to help those in need.
